Guinea Agrees to Resume Simandou Iron Ore Project With New Infrastructure Pack

International investors in the Simandou project including Chinese companies struck a deal with Guinea’s government to resume development of the world’s largest known untapped iron ore reserve after a nearly two-week suspension.

The western African country’s ruling junta gave a green light to investors in the Simandou project — including London-based mining giant Rio Tinto PLC, China’s state-backed aluminum giant Aluminum Corp. of China and China’s Shandong Weiqiao Pioneering Group Co. Ltd. — to restart operations after a framework agreement was reached to settle infrastructure disputes, local media reported.